Economist and Nobel prize winner James Heckman will have you know that not everyone that has a high IQ will end up rich.
While IQ levels may play a small amount (about 2 per cent) in helping someone obtain wealth.
Instead, it James argues that an individual’s personality and traits are what matters more. Read on more about the different personality traits that can influence a person’s ability to be rich.
Conscientiousness essentially refers to a person’s ability to practice and demonstrate self-discipline and control.
Highly successful people tend to refuse immediate gratification for the glory of long-term achievements. Just about every decision made by people with a high level of conscientiousness is influenced by long-term achievements and goals.
Having attention to detail ties in with conscientiousness. Successful people tend to be able to look at the big picture more than scrutinise the little details that make a picture a whole.
Being able to look at the bigger picture allows for decision makers to get a proper view of the matter at hand and enhance their abilities to make proper decisions.
People who are high in openness and experiences tend to be able to string abstract concepts together more easily than others.
They also make great leaders because they’re able to see the good in just about every idea imaginable and work with others better so they can achieve success too.